INTAC International Launches www.phrbank.com Website for Integrated Recruiting and Professional Training Services in China
09 Noviembre 2004 - 5:39PM
PR Newswire (US)
INTAC International Launches www.phrbank.com Website for Integrated
Recruiting and Professional Training Services in China HONG KONG,
Nov. 9 /PRNewswire-FirstCall/ -- INTAC International, Inc. (Nasdaq:
INTN; FSE: WKN 805768), a provider of a full-range of career
development services to Chinese students through Beijing Intac
Purun Educational Development Ltd. ("Intac Purun"), its joint
venture with China's Ministry of Education, today announced the
launch of http://www.phrbank.com/ . This website integrates
recruiting and professional training services in China for large
companies with their increasing demands for new employees. The
redirected emphasis for Intac Purun's other internet portal,
Joyba.com (http://www.joyba.com/ ), will be lifestyle and
entertainment information for Chinese students. Intac Purun has
combined its recruiting and professional training services in
China. Intac PHR Bank (professional human resource bank) is an
integrated program of placement, search, campus recruiting and
professional training services for enterprises. The service is
designed for international and Chinese companies that need to hire
large numbers of new employees. "In China there are more than 1,600
universities with approximately 14 million students of which
approximately 3.4 million will enter the job market in 2005," said
Wei Zhou, Chairman and CEO of INTAC. "Finding the right people
through traditional recruiting methods has overstretched even the
capacities of big companies. That's why in China, there is a need
for completely new and innovative recruiting methods." "Intac PHR
Bank's services deliver a win-win-win situation for companies,
university students, and the Ministry of Education," added Mr.
Zhou. "Companies are able to recruit qualified employees needed to
build their Chinese operations; students can find good jobs that
fit their career interests; and the Ministry of Education is able
to increase the employment rate of new university graduates." At
present, international enterprises like Cisco, Lucent and UT
Starcom as well as other large Chinese companies like Lenovo profit
from the services offered by Intac PHR Bank. These services include
access to a database of more than 3 million students, recruiting
events on university campuses and professional training programs
that are designed to train students to meet the demands of a
specific company. To meet these demands, Intac Purun has
established, so far, 11 Career Service Centers on the campuses of
leading universities and expects to increase this number to 20
during 2005. "In China, in addition to collecting job applications,
you also must offer training for professional and interpersonal
skills, that universities do not provide," said Mr Zhou. INTAC
plans to integrate recruiting and training information offered
through Intac PHR Bank at approximately 1,000 universities within
China over the next three years. The Company's annual report on
Form 10-KSB for the year ended December 31, 2003 and quarterly
report on Form 10-Q for the quarter ended June 30, 2004 may be
viewed at the SEC's website http://www.sec.gov/ . About INTAC
International, Inc. INTAC International, Inc. is focused on the
exploitation of strategic business opportunities available in China
and the Asia-Pacific Rim. INTAC provides Chinese students
exclusively with a full-range of career development services
through Beijing Intac Purun Educational Development Ltd., its joint
venture with China's Ministry of Education, and its Internet
portal, http://www.phrbank.com/ . Forward-Looking Statements This
press release contains certain "forward-looking statements." Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements expressed or implied by such
forward-looking statements to differ materially from those
projected or implied. Factors that could cause or contribute to
such differences include, among other things: changes in general
business conditions; the impact of competition in our industry,
especially in the Asia- Pacific Rim; the fact that we are an early
stage company with an unproven business model; our need for
additional working capital, particularly to the extent that we are
able to locate a suitable business opportunity; the added expense
structure assumed by us as a U.S. public company; political and
economic events and conditions in jurisdictions in which we
operate; PRC Internet laws and regulations that are unclear and
will likely change in the near future; restrictions on foreign
investment in the PRC Internet sector that are imposed by the PRC
government; the PRC government that may prevent us from
distributing; regulation and censorship of information distribution
in China which may adversely affect our business; political and
economic policies of the PRC government; the risk of the loss of
the agreements, or the exclusivity terms, with the Education
Management Information Center; the high cost of Internet access
that may limit the growth of the Internet in China and impede our
growth; advertising and e-commerce customers that have only limited
experience using the Internet for advertising or commerce purposes;
the acceptance of the Internet as a commerce platform in China
which depends on the resolution of problems relating to fulfillment
and electronic payment; concerns about security of e-commerce
transactions and confidentiality of information on the Internet
that may increase our costs, reduce the use of our Internet portal
and impede our growth; our network operations that may be
vulnerable to hacking, viruses and other disruptions, which may
make our products and services less attractive and reliable;
changes in interest rates, foreign currency fluctuations and
capital market conditions; and other factors including those
detailed under the heading "Business Risk Factors" and elsewhere in
the Company's annual report on Form 10-KSB for the year ended
December 31, 2003 and quarterly report on Form 10-Q for the quarter
ended June 30, 2004, as filed with the Securities and Exchange
Commission. We disclaim any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future events or otherwise. INTAC undertakes no obligation to
update any forward-looking statements made in this media release.
Contact: J. David Darnell, Senior Vice President and Chief
Financial Officer, 469-916-9891, for further information.
DATASOURCE: INTAC International, Inc. CONTACT: J. David Darnell,
Senior Vice President and Chief Financial Officer of INTAC
International, Inc., +1-469-916-9891 Web site: http://www.sec.gov/
Web site: http://www.intac.cn/ http://www.phrbank.com/
http://www.joyba.com/
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